Moratorium

The moratorium will start from October 1. The Union Cabinet has approved a relief package for the telecom sector along with several structural reforms. The nine structural reforms and five procedural reforms will serve to…

Rs 5 Lakh Insurance For Every Customer If Bank Shuts Down; 90 Days Deadline Imposed Good news for customers of troubled banks - The Union Cabinet has now cleared amendments in the Deposit Insurance Credit Guarantee Corporation (DICGC)…

#Covid19: Big Private Banks Seek Loan Moratorium For Customers Due To 2nd Wave On Tuesday, the chiefs of private sector banks met with Reserve Bank of India Governor Shaktikanta Das to pitch for a limited moratorium of payments…

RBI has restarted a one time scheme  in which retailers and small businesses can restructure their loans without risk of downgrading to non performing category. RBI has restarted a one time scheme in which retailers and small…

Govt Says No More Loan Moratorium; SC Asks Why Credit Card Users Got Refund? On Thursday, the top court asked the Central government, why credit-card users should be entitled to the benefit of compound interest waiver under Reserve…

Govt Giving Cashback To All Credit Card Users! Ex-Gratia On Loan Moratorium Applicable For All At the start of this month, some credit card providers surprised their customers as they credited the government’s ex-gratia money to their…

76,000 Axis Bank Employees Will Get Salary Hike; Every HDFC Staff Will Get Bonus, Job Security It seems that the banking sector is seeing a boost and a positive environment is ahead after a series of downfalls due to moratorium and…

These 26 Sectors Will Get Relief From Loan Payments, EMI For Upto 12 Months The Reserve Bank of India (RBI) on Monday announced its report on loan restructuring as part of the Resolution Framework for COVID-19 Related Stress. …

Supreme Courts Orders Indirect Loan Moratorium For 60 Days: No Action If You Are Not Paying EMIs Right since March 27, when the central bank RBI announced a 3-month moratorium period for EMI payments, payable between March 1 and May…

Which Banks Have Automatic Loan Moratorium? How To Delay Your EMI? (Complete List, Steps) As per the reports, some banks and non-banking finance companies (NBFCs) are asking their borrowers if they want to avail the loan repayment…